Is the VetFran discount available for Floyds 99 franchises developed under a Development Agreement?
Floyds_99 Franchise · 2025 FDDAnswer from 2025 FDD Document
o us in full when you sign your Franchise Agreement.
VetFran Program
We proudly participate in the International Franchise Association's Veterans Transition Franchise Initiative, otherwise known as "VetFran." If you are a new franchisee and one of your owners is a veteran who was honorably discharged from the United States Armed Forces or is on active duty on the date you sign your Franchise Agreement, we reduce the initial franchise fee for your first new franchise if that individual owns at least 10% of the franchisee. The reduced fee will be $37,125, which is a $12,375 or 25% discount. A discount will no
Source: Item 5 — INITIAL FEES (FDD page 14)
What This Means (2025 FDD)
According to the 2025 Floyds 99 Franchise Disclosure Document, the VetFran discount is not available for franchises developed under a Development Agreement. Floyds 99 participates in the International Franchise Association's Veterans Transition Franchise Initiative, also known as "VetFran." New franchisees with at least 10% ownership held by a veteran who was honorably discharged from the United States Armed Forces or is on active duty on the date the Franchise Agreement is signed are eligible for a discount on the initial franchise fee for their first new franchise.
The standard initial franchise fee is $49,500. The VetFran discount reduces this fee by $12,375, bringing the discounted fee to $37,125, which is a 25% discount. However, this discount is specifically not applicable to franchises developed under a Development Agreement.
This means that veterans interested in developing multiple Floyds 99 locations through a Development Agreement will need to factor in the full development fees without the VetFran discount. This policy could influence a veteran's decision on whether to pursue a single franchise or a multi-unit development plan with Floyds 99.